As CEO John Hess said in our most recent Annual Report: “We see sustainability as fundamental to our long term strategy and performance, supporting our purpose to be the world’s most trusted energy partner. We are proud to have been recognized once again by a number of third-party organizations for the quality of our environmental, social and governance performance and disclosure.”

Bloomberg Gender-Equality Index (GEI): The Bloomberg GEI assesses a company’s commitment to supporting gender equality through policy development, representation and transparency. The 2020 GEI includes 325 companies headquartered in 42 countries and regions; Hess is the only U.S. oil and gas producer awarded “Leader” distinction for its high level of disclosure and performance.

CDP’s Climate Change Report: Hess has been recognized for climate change stewardship in CDP’s Climate Change Report 2019. This is the 11th consecutive year that the company has earned Leadership status from CDP, an international nonprofit seeking to drive sustainable economies. The report recognizes companies’ efforts to address climate risks, including environmental transparency and performance.

Dow Jones Sustainability Index (DJSI) North America: The DJSI recognizes public companies for outstanding performance across economic, environmental and social factors using one of the world’s most comprehensive databases of financially material sustainability information. Hess has earned a place on this prestigious list for the past 10 years. In 2019, Hess is one of only four U.S. oil and gas producers in the Energy industry group listed on the North America Index.

Financial Times Stock Exchange (FTSE) Russell ESG Rating and FTSE4Good Index Series: Hess was named a 2019 constituent of the FTSE4Good Index. The index is designed to measure the performance of companies demonstrating strong ESG practices. Hess measured well above the oil and gas industry and the E&P subsector averages in each of the ESG areas and above the U.S. country average in most areas. Hess has been included on the FTSE4Good US Index since 2014

MSCI USA ESG Leaders Index and ESG Ratings: Hess has been included on the MSCI USA ESG Leaders Index since 2010 and has maintained an AA ESG rating (indicating “leadership” in ESG) with MSCI since 2011. MSCI rates more than 2,800 companies and is considered an industry leader in ESG performance and disclosure. The ratings are a priority to investors researching companies.

Newsweek’s Most Responsible Companies: For the first time, Newsweek published a ranking of America’s 300 Most Responsible Companies in 2019. Hess is ranked No. 119, second among oil and gas companies included in the list. The ranking was determined through an independent survey and analysis of publicly available key performance indicators of 2,000 public companies in three areas: environmental, social and governance.

The WSJ Top 250 Best Managed Companies: For the third consecutive year, the Wall Street Journal recently ranked publicly traded U.S. companies based on five performance criteria: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength. In 2019 Hess Corporation moved into the Top 250 list on the strength of a higher financial strength score and an uptick in the remaining four categories. Only four other exploration and production companies made the Top 250 list in 2019.

Hess Reports Estimated Results for the First Quarter of 2020

Hess Corporation (NYSE: HES) today reported a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020, including impairment and other after-tax charges of $2,251 million resulting from the low price environment, compared with net income of $32 million, or $0.09 per common share, in the first quarter of 2019. On an adjusted basis, the Corporation reported a net loss of $182 million, or $0.60 per common share, in the first quarter of 2020.

CEO John Hess addressed the far-reaching impact of the oil price war on CNBC’s Fast Money on March 12, saying: “The economic problem we're facing today is a lot more than oil, and the oil price crash could be a catalyst that propels the world into an economic recession.”